Schedule 13G Amendment No. 1

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G/A

 

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

 

Universal Display Corporation


(Name of Issuer)

 

Common Stock, $0.01 par value


(Title of Class of Securities)

 

 

91347P105


                                (CUSIP Number)                                

 

October 7, 2005


(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨ Rule 13d-1(b)

 

x Rule 13d-1(c)

 

¨ Rule 13d-1(d)

 

*   The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of the section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


  1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

            PPG Industries, Inc. 25-0730780

   
  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨

(b)  ¨

   
  3.  

SEC Use Only

 

   
  4.  

Citizenship or Place of Organization

 

            Pennsylvania

   

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

 

  5.    Sole Voting Power

 

                1,314,993


  6.    Shared Voting Power

 

                0


  7.    Sole Dispositive Power

 

                1,314,993


  8.    Shared Dispositive Power

 

                0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            1,314,993

   
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

¨

   
11.  

Percent of Class Represented by Amount in Row (9)

 

            4.45%

   
12.  

Type of Reporting Person

 

            CO

   


Item 1.

 

(a)

  

Name of Issuer

 

Universal Display Corporation

         
   

(b)

  

Address of Issuer’s Principal Executive Offices

 

375 Phillips Boulevard, Ewing, New Jersey 08618

         

Item 2.

 

(a)

  

Name of Persons Filing

 

PPG Industries, Inc.

         
   

(b)

  

Address of Principal Business Office or, if none, Residence

 

One PPG Place, Pittsburgh, PA 15272

         
   

(c)

  

Citizenship:

 

Pennsylvania

         
   

(d)

  

Title of Class of Securities

 

Common Stock, $0.01 par value

         
   

(e)

  

CUSIP Number

 

91347P105

         

Item 3.

  If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:     
    (a)    ¨    Broker or dealer registered under section 15 of the Act;
    (b)    ¨    Bank as defined in section 3(a)(6) of the Act;
    (c)    ¨    Insurance company as defined in section 3(a)(19) of the Act;
    (d)    ¨    Investment company registered under section 8 of the Investment Company Act of 1940;
    (e)    ¨    An investment adviser in accordance with §240.13d-1(b)(l)(ii)(E);
    (f)    ¨    An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
    (g)    ¨    A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
    (h)    ¨    A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
    (i)    ¨    A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;
    (j)    ¨    Group, in accordance with §240.13d-1(b)(l)(ii)(J)


Item 4.    Ownership          

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer

identified in Item 1.

         
     (a)    Amount beneficially owned: 1,314,993          
     (b)    Percent of class: 4.45%          
     (c)    Number of shares as to which such person has:          
          (i)    Sole power to vote or to direct the vote 1,314,993          
          (ii)    Shared power to vote or to direct the vote -0-          
          (iii)    Sole power to dispose or to direct the disposition of 1,314,993          
          (iv)    Shared power to dispose or to direct the disposition of -0-          
Item 5.    Ownership of Five Percent or Less of a Class     

If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial

owner of more than five percent of the class of securities, check the following:  x

         
Item 6.   

Ownership of More than Five Percent on Behalf of Another Person

 

Not applicable.

         
Item 7.   

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding

Company or Control Person

 

Not applicable.

Item 8.   

Identification and Classification of Members of the Group

 

Not applicable.

         
Item 9.   

Notice of Dissolution of Group

 

Not applicable.

         
Item 10.    Certification          

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

October 10, 2005


Date

/s/ William H. Hernandez


Signature
William H. Hernandez,

Senior Vice President, Finance


Name/Title